DDOG is not getting a halo lift from PLTR
Palantir Technologies (PLTR) stock just surged to a fresh record high on the heels of an upbeat third-quarter earnings report. Below, let’s take a look at how sector peers DataDog Inc (NASDAQ:DDOG), Oracle Corp (NYSE:ORCL), and Snowflake Inc (NYSE:SNOW) are responding to these results.
DDOG is 0.3% lower to trade at $125.21, but sports a 57.3% year-over-year lead. Shares have struggled to conquer the $132 level, with several failed attempts in October. However, long-term support remains at the ascending 40-day moving average.
ORCL is up 0.7% to trade at $170.69 at last check, while boasting a 61.9% year-to-date gain. Oracle stock has taken a breather from its Oct. 19, all-time high of $178.59, and is fresh off its third-straight weekly loss as it tests the support from its own 40-day trendline.
SNOW was last seen up 0.9% to trade at $114.71, but carries a 42.6% deficit for 2024. While the equity has somewhat distanced itself from its Sept. 6, record low of $107.13, overhead pressure at its 100-day moving average has been constant most of the year.